Verizon Names Dan Schulman CEO Replacing Hans Vestberg

Verizon Communications Inc. has announced a change in its leadership. Dan Schulman has been appointed as the new Chief Executive Officer, replacing Hans Vestberg. The transition in leadership will be effective immediately. Schulman, who previously served as the President and CEO of PayPal, brings extensive experience in the technology and payments sectors to his new role at Verizon. He has been credited with driving innovation and growth at PayPal during his tenure. The announcement comes as Verizon navigates the evolving landscape of the telecommunications industry, with increasing competition and the ongoing rollout of 5G technology. Schulman's expertise in digital transformation and his ability to drive strategic initiatives are expected to be crucial in guiding Verizon through these challenges. The leadership change marks a significant shift for the company, as it seeks to position itself for future success and maintain its position as a leading player in the telecommunications market.